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BTLG Table of Contents > Sales and Use Tax Annotations > R > 490.0000 Returns, Defects and Replacements > Annotation 490.0520

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R

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490.0000 Returns, Defects and Replacements—Regulation 1655

Annotation 490.0520

(c) Warranties

(1) In General

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490.0520 Returned Merchandise. Where a small loader was exchanged for a larger one pursuant to express and implied warranties give on the sale of the smaller unit, a returned merchandise deduction is proper. The buyer has an election of remedies upon breach of warranty, one of which was the return of the purchase price. Therefore, the conditions requiring refund or credit for the full purchase price and the buyer not required to purchase an item of equal or greater value are met. 6/9/65.